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Next Wave for The Delivery Group

PRESS RELEASE

April 22, 2015: Next Wave Partners LLP is delighted to announce the creation of The Delivery Group Limited which has been formed to combine CMS Network (UK) Limited ("CMS") with its existing portfolio company, Secured Mail. CMS offers its clients a value-added complete mailroom outsourcing solution with significant clients in the financial and media sectors.

Secured Mail is a highly automated downstream access mail and ecommerce logistics operator with a national infrastructure and is building on its impressive growth track record to provide innovative services in the UK and Internationally to both its existing mail clients and new ecommerce and retail clients.

CMS's CEO, Steve Stokes commented: "This partnership is strong recognition of the quality of service we offer our clients and the growth we have achieved to date. Becoming part of The Delivery Group with NWP's backing creates many opportunities for our clients and our staff."

Secured Mail CEO, Mark Bigley said: "We look forward to working alongside Steve Stokes and the CMS team to both drive synergies and further increase the range of products for our customers."

Paul Carvell, Chairman of The Delivery Group added: "Secured Mail and CMS will continue to provide the same great service to their respective clients under the same trading names and run by the same teams. Both businesses will however have access to a broader product range and customer base and look to increase the range of services offered."

The Delivery Group was established in March 2015 to combine Secured Mail and CMS Network UK Limited under common ownership. The combined Group will have a turnover of £130 million, an employee base nearing 300 staff and operate from three major locations in Central London, Luton and Warrington.